by admin | Dec 3, 2012 | Homes, Villas and Condos, Long Term Rental
According to the National Association of REALTORS®, home rent prices are anticipated to rise nationally about 4.6 percent in the next year. This is up from the 4.1 national percent increase from this year.
The marketing research firm, Reis further forecasts that national rent prices are anticipated to rise even further.
Yet another 4 percent for both 2014 and 2015, looking ahead. Senior economist for Reis, Ryan Severino, told USA Today: “The pendulum has definitely swung back in favor of landlords, not renters.”
Examining Rent prices across the United States, San Jose,Calif., andSan Franciscohave been climbing at a 13 percent to 15 percent annual rate as of late last year, according to MPF Research. Other metro areas that are seeing rent prices increase of more than 5 percent include Oakland, Calif.; New York; Denver; Houston; Nashville; and Columbus, Ohio, MPF reports.
Greg Willett, MPF vice president says the rise in rent prices are causing more renters to consider home ownerships. With mortgage rates at a historical low, potential homeowners have a reason to be optimistic about buying. The stronger economy and lack of new supply continue to drive apartment rents higher.
At the same time, household formation is up 1.1% over last year’s levels and will grow slightly faster next year, Severino also says. With the strengthening economy, Severino also indicates that more people will move out on their own. Willett also adds that the stronger economy has emboldened renters to move more often. That affects how aggressive landlords can get with rent increases.
Considering in either renting or buying property in the Orlando, Florida Area? Contact an agent at Bardell Real Estate, and find out how we can assist you today.
by admin | Aug 7, 2012 | Homes, Villas and Condos, Investment Property in Florida, Long Term Rental
With the property prices at an all time low , now is an excellent time for UK Buyers in Floridato purchase a home if they act fast!
There are real residential bargains out there right now for UK Buyers in Florida as property prices are expected to ultimately increase.
A big reason for the great savings for British buyers is because of the recent dollar-pound exchange rate. The benefits of owning a Florida property goes far beyond the obvious benefits. Things like warm weather, long beaches and fun attractions are just a few. For UK Buyers in Florida, a home can turn become a very sucessful vacation rental. This is a great growing niche that international buyers can turn into a strong Investment.
According to the National Association of Realtors®, international buyers make up over a 1/4 of all U.S. international property market sales in the last year. Canada, Brazil and Venezuela are also joining UK buyers in Florida. Everyone seems to want to enjoy the property bargains the Sunshine State has to offer. Orlando is the most popular destination for the British. Now is the time for these potential buyers to contact a local realtor to help them in buying their next home. For UK Buyers in Florida, looking to rent out their new home as either a short term or long term rental, they will benefit with a property in Florida. This is especially since Florida is one of the few U.S. states without income tax.
by admin | Jul 5, 2012 | Homes, Villas and Condos, Long Term Rental
Davenport Rental Homes are on the rise. See why this is the the place to be for location and ammenities in Central Florida.
Davenport Rental Homes are known for being in a prime location, close to the major amenities and attractions, such as Disney World. If you are looking for an ideal place to stay and enjoy all Central Florida has to offer, Davenport, FL is the ideal place to be.
There are a great many options available those looking for Davenport Rental Homes. The Ideal Central Florida. Accommodations ranging from spacious pool villas with bonus rooms and fenced in yards to contemporary condos right off the main avenue can be found in Davenport.
Typically short term rentals last from two to four weeks and they are a top choice among theme park tourists visiting from out of state or country. With new constructions underway and options ranging from single family homes to apartments, Davenport Rental Homes are growing fast.
Davenport is close to several golf courses including Highland Reserve Golf Club, Polo Park Golf Club and Ridgewood Lakes Golf Club. All Davenport golf courses provide all year round golf with stunning vistas and after-round facilities. Disney World lies just 15 minutes away from Davenport.
Choosing the right type of rental can be easy with a Realtor on your side. Contact Bardell Real Estate today for more information on Davenport Rental Homes!
